Recording of Wednesday, June 19, 2024 | The smarter E Europe 2024 | Conference Program | Language: English | Duration: 10:54 .

Growing Need for Battery Storage in Italy: A Look at Field's Projects and the Future Market Dynamics Under Maxi Scheme

Italy presents a unique, highly regulated model for battery storage compared to other European markets. Field, a company specializing in developing and operating battery storage projects across the UK, Italy, Spain, and Germany, has 230 MWh of operational or under-construction projects and an additional 3 GWh in development. The growing need for storage in Italy is driven by significant increases in renewable energy capacity expected by 2030. Turner (Italian TSO) predicts solar-driven capacity will double to over 100 GW. However, this growth won't be uniform across regions; southern zones like South Centre South and Sicily are anticipated to see more substantial build-outs. Consequently, Turner estimates that an additional 71 GWh of storage with eight-hour duration is required by 2030—translating into €18 billion worth of investment. Currently, the business model includes revenue from capacity markets (fixed contracts up to 15 years), day-ahead/intraday markets similar to other EU countries’ models but distinguished by its MSD market's nodal basis system. Looking ahead: The future scheme called Maxi aims at providing fixed payments over fifteen years for batteries/pumped storage with much emphasis on time-shifting products managed primarily through daily/monthly/annual packages pooled together for purchase mainly benefiting solar operators while participating assets must return most MSD-generated revenues back, making it likely a minor source overall financially. Yet, this reflects a notable shift in dynamics, with zonally targeted auctions and competitive planning necessary for successful implementation amid higher targets, particularly in renewables-oriented locales. This highlights the importance of strategic adaptation in response to evolving regulatory frameworks driving the industry forward, ensuring success in shaping sustainable, innovative technologies.

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Speaker

Alexa Strobel
CEO
Field Energy
Germany

Talk of session: Europe's Hottest Energy Storage Markets: Established Heavyweights and Exciting Newcomers

In June 2024, Munich will host the European Championship - not just for soccer, but also for energy storage markets. To determine the 2024 European Energy Storage Champion, we will examine each nation's strengths and weaknesses when it comes to the market potential for energy storage deployment, both today and in the near future. Will heavyweights like the UK, Germany and Italy take the crown? Will Spain or the Netherlands deliver on their promises? And what about exciting newcomers like Poland, Greece or the Nordics? Join us for this panel of market experts to determine the European champions - and cheer on your team to victory.

Further Talks of this session:

Welcome and Introduction

Speaker

Anna Darmani
Lead Analyst, Energy Storage Europe
Wood Mackenzie
United Kingdom

To Talk

Novel Business Cases for Market-Based Standalone Storage in Germany

Speaker

Benedikt Deuchert
Head of Business Development and Regulatory Affairs
Kyon Energy Finance GmbH
Germany

To Talk

Standalone BESS in Greece: An Investigation of the DAM Arbitrage-Based Revenue Model for Prospective Merchant Installations

Speaker

Haralambos Panagopoulos
Senior LP Planner
HELLENIC PETROLEUM R.S.S.O.P.P. S.A.
Greece

To Talk

Golden Era to Invest in BESS in European Markets

Speaker

Sepehr Soltani
Analyst
Rystad Energy
Norway

To Talk

Policy, Market-Design and Power Market Fundamentals Effect on Battery Profitability

Speaker

Eva Zimmermann
Associate Flexible Energy
Aurora Energy Research
Germany

To Talk

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